Curi RMB Capital LLC Has $14.36 Million Stock Holdings in Veritex Holdings, Inc. (NASDAQ:VBTX)

Curi RMB Capital LLC cut its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 528,878 shares of the financial services provider's stock after selling 32,264 shares during the period. Curi RMB Capital LLC owned approximately 0.97% of Veritex worth $14,364,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Veritex by 14.7% in the 4th quarter. GAMMA Investing LLC now owns 3,360 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 431 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Veritex by 9.8% during the 4th quarter. Meeder Asset Management Inc. now owns 5,366 shares of the financial services provider's stock valued at $146,000 after acquiring an additional 481 shares in the last quarter. Franklin Resources Inc. increased its position in Veritex by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider's stock worth $1,920,000 after purchasing an additional 701 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Veritex by 6.6% during the 4th quarter. Teacher Retirement System of Texas now owns 17,020 shares of the financial services provider's stock worth $462,000 after purchasing an additional 1,050 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in Veritex in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 88.31% of the company's stock.

Veritex Price Performance

NASDAQ:VBTX traded down $0.09 during mid-day trading on Thursday, reaching $23.17. 235,911 shares of the company were exchanged, compared to its average volume of 396,604. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.26 billion, a PE ratio of 11.88 and a beta of 1.11. Veritex Holdings, Inc. has a 12 month low of $18.74 and a 12 month high of $31.62. The company has a fifty day moving average of $23.94 and a 200 day moving average of $26.43.

Veritex (NASDAQ:VBTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $109.73 million during the quarter, compared to analyst estimates of $110.73 million. Veritex had a net margin of 13.44% and a return on equity of 7.59%. During the same quarter last year, the business posted $0.53 earnings per share. On average, research analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current fiscal year.

Veritex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, May 8th. This is a boost from Veritex's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.80%. Veritex's payout ratio is 41.03%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VBTX shares. Hovde Group raised Veritex from a "market perform" rating to an "outperform" rating and set a $31.50 price objective on the stock in a research note on Thursday, January 30th. Stephens reissued an "equal weight" rating and issued a $30.00 price objective on shares of Veritex in a research report on Wednesday. DA Davidson reduced their price target on shares of Veritex from $34.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday. Raymond James downgraded shares of Veritex from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $31.00 to $28.00 in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Veritex from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Veritex currently has an average rating of "Moderate Buy" and a consensus target price of $30.25.

About Veritex

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.